Argentina’s dollar bonds are recovering from a week-long rout after President Javier Milei struck a more conciliatory tone during the introduction of next year’s budget, raising hopes he can gain support ahead of midterm elections next month. Meanwhile, the currency halted a six-day slide, trading little changed only a few pesos away from the weaker limit of its trading band. Milei told lawmakers he would increase spending on health-care, education and pensions in 2026, while sticking to his policy of a fiscal surplus. “This more balanced strategy leaves us cautiously optimistic heading into the mid-terms as Milei could gain support from a broader coalition,” he said. Although BYMA is the country’s main stock exchange, most of the futures trading takes place in the A3 market, which focuses on derivatives, fixed income, FX, and commodities.